Apple Working on Mobile Person-to-Person Payment Service

November 11, 2015 8:53 PM

38 12

Apple Working on Mobile Person-to-Person Payment Service

Apple is in talks with U.S. banks over a potential person-to-person mobile payments service, reportsThe Wall Street Journal. Such a service would perhaps be positioned as an expansion to Apple Pay, and it would allow people to send each other payments, much like PayPal's Venmo or Square's Square Cash service.

It isn't clear how Apple intends to make money from the service. Indeed, the company may view a person-to-person offering mostly as a way to get more consumers to convert to its phones.

Read more

To category page

Loading...